This year, Hong Kong stock IPOs were relatively cold, and there were few issuances. In January-November, the total number was 58, which is far different from the more than 200 IPOs of the previous two years.
The money-making effect is poor, and of course the number of participants is also small. Generally, there are only a few thousand households, and only 3 have more than 20,000 households — at the peak of the excitement of IPOs in early 2021, 1.42 million households participated in Kuaishou.
Note that my term is households, not people. The number of new purchasers of Hong Kong stocks does not equal the number of subscribers.
Then, this year, these 3 new shares with more than 20,000 participants have all gone bankrupt. I posted this chart in my last post, and I'll post it again here: (Liqin Resources Inventory - 1.9%, 0% on the first day)
Since there's no money-making effect, why does it seem like no matter what kind of junk X listing, people are going to participate? First, there are always companies that seem impressive and worth participating in; second, there will be intermittent demon stocks that come out, making people who pay attention but don't participate can't help but re-enter the market.
Demon stock concentration camps are mainly stocks with small market capitalization, and some stocks with a small issue/circulation ratio plus capital.
The new shares issued this year with a market capitalization of <1 billion dollars are ranked from highest to lowest on the first day. The overview is as follows:
Judging from the rehearsal results, the dark market win rate is relatively high. It can reach 73.33%, which is a bit different on the first day, because there were a few 0% close in the middle, and newcomers lost handling fees+transaction fees. Some 50% + increases at the top are quite attention-grabbing, making you believe that there is still hope for Hong Kong stocks to break new, and continue next time...
Note that only two IPOs on this list have been returned:...